PRINCIPLES OF MACROECONOMICS(LOOSELEAF)
7th Edition
ISBN: 9781260110920
Author: Frank
Publisher: MCG
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Chapter 17, Problem 1RQ
To determine
Calculation of nominal exchange rate.
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Suppose that one year ago the spot rate for the British pound was $1.17 per pound, while the spot rate for the peso was $0.65 per peso.
The cross rate of the British pound one year ago was £1 =
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Suppose that now the spot rate for the British pound is $2.00 per pound, while the spot rate for the peso was $1 per peso.
Now, the cross rate of the British pound is £1 =
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Suppose that on January 1, the dollar exchange rate with the yen is 1/120 $/Y.
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If the exchange rate at the end of the year is 1$=130Y, does the yen appear to be
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Chapter 17 Solutions
PRINCIPLES OF MACROECONOMICS(LOOSELEAF)
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